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Business

Wong Kah Woh appointed Seda chairman

PETALING JAYA: The Sustainable Energy Development Authority of Malaysia (Seda) has appointed Wong Kah Woh (pic) as its chairman effective July 1.

Business

Quick take: YTL Corp shares stumble after probe report

KUALA LUMPUR: YTL Corp Bhd shares dropped marginally in early trading Tuesday, as the Public Accounts Committee (PAC) urged the Transport Minister to probe YTL over failed marina project.

Business

Trading ideas: Magni-Tech, AMMB, YTL Corp, MMHE

KUALA LUMPUR: JF Apex Research expects Magni-Tech Industries Bhd, AMMB Holdings Bhd, YTL Corp Bhd and Malaysia Marine and Heavy Engineering Holdings Bhd to be among the stocks to watch on Tuesday.

Business

Who says populist policies are bad

IF the jury is still out on whether it pays to be truthful, the verdict is clear – there is certainly a premium for being transparent in revealing the true state of the country.

Business

Teresa Kok defends Bakke's appointment as MPOB head

KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Mohd Bakke Salleh had resigned from the fund’s board in 2009 as soon as it was discovered that the company’s management had transferred out US$1bil following a deal Abu Dhabi’s International Petroleum Investment Co (IPIC) without the knowledge of the board of directors.

Business

Govt to continue with Tun Razak Exchange, says Guan Eng

PUTRAJAYA: The controversial Tun Razak Exchange (TRX) will be continued, according to Finance Minister Lim Guan Eng.

Business

1MDB's Arul Kanda strongly denies personal attacks against him

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) President Arul Kanda Kandasamy has strongly denied the potentially defamatory and personal attacks hurdled against him by the Minister of Finance, Lim Guan Eng.

Corporate News

Arul Kanda: All 1MDB land transferred to MoF Inc

BALIK PULAU: 1Malaysia Development Bhd (1MDB) has transferred the ownership of all its lands to the Minister of Finance Incorporated (MoF Inc), its CEO says

Business

Arul: 1MDB has no short-term debts

IPOH: 1Malaysia Development Bhd (1MDB) has no short-term debts but only long-term liabilities of some RM31bil that would be repaid according to schedule, its chief executive officer Arul Kanda Kandsamy said.